Sorainen advised Google Payment Lithuania in obtaining an e-money institution licence from the Bank of Lithuania.
Google entered the online payments market in 2015 as a digital wallet platform and online payment system enabling users to send and receive money, pay for Google products and pay for in-store purchases.
Sorainen advised on all legal issues related to obtaining an e-money institution licence in Lithuania.
The Sorainen team consisted of partner Tomas Kontautas, senior associate Jurgita Nikita, associates Laura Matukaitytė and Urtė Armonaitė, who advised on regulatory matters, and senior associate Jonas Kiauleikis, who advised on corporate related matters.
